$749,000
Updated 9 years ago
Sold

479 Ralph Ave

Crown Heights, Brooklyn | Saint Marks Ave & Prospect Place

8 Rooms4 Beds2.5 Baths3,884 Square FeetMixed Use

$749,000
floors / apts3 / 2
Lot Size20'x89'
Built Size20'x55'
ZoneR6
Building TypeLow-Rise
RE Taxes$1
Price Per SF
$193

Building Amenities

  • Voice Intercom
  • Driveway
  • Garage

Property Description for 479 Ralph Ave

For sale a 3,884 SF Mixed-Use property in the Ocean Hill section of Brooklyn. The property situated on a 20 x 89.5 lot zoned R6 consists of two ground floor retail stores, two apartments above and a three car garage in the rear. The building 20 x 55 currently is fully occupied with four tenants in place with an actual rate of return of 6.7. Please review our offering memorandum for a schedule of income and expenses.

Listing History for 479 Ralph Ave

Now
12/15/2015
Sold and Closed by Joseph T. Hamdan
MYNY Residential
09/29/2015
Contract Signed by Joseph T. Hamdan
MYNY Residential

Building Details for 479 Ralph Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1921
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Ralph Av
0.41 miles

Citi Bike

St Marks Ave & Ralph Ave
0.06 miles
Prospect Pl & Howard Ave
0.11 miles

Contact Agents

Contact Agents

Joseph T. Hamdan
MYNY Residential
Harun Sharif Henry
MYNY Residential

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 59942TH